When compared to a lower base of May 2017, that saw a car sales slowing down due to anticipation of price reduction before GST, the Indian passenger vehicle industry that comprises of cars, SUVs and Vans have registered a massive jump in May 2018 and indicates that all after-effects of GST at least in the car industry has been settled. The sale of Passenger Vehicles (PVs) grew by a massive 19.65 percent in May 2018 over the same period last year. Overall in the domestic market over 3.01 lakh (PVs) were sold in India, within the Passenger Vehicles, the car sales registered a domestic sales of 1.99 lakh, UVs sales stood at 82,086 units and vans at 19,673 units. Sales of cars in India have seen a rise thanks to the new car launches like the 2018 Honda Amaze and new Toyota Yaris and among UV sales are continued to be dominated by SUVs. The strong performance of 2018 Mahindra XUV500, Jeep Compass and constant demand in the sub-compact SUV segment of Maruti Suzuki Vitara Brezza, Ford Ecosport and Tata Nexon. Top car makers in India: Rank Company Units sold in May 2018 YoY Growh 1 Maruti Suzuki 1,61,497 23.99% 2… Read full this story
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